Maruti Suzuki Nexa — the chain of premium sales outlets launched by the company in July 2015 — has emerged as third-largest selling retail network in the local passenger vehicle market in less than three years of launch, trailing the parent’s regular sales channel (which clocked sales of 10,88,998 units) and rival Hyundai Motor India’s distribution network (4,43,727 units) in terms of volumes till January this year.According to data available with the company, Maruti Suzuki sold 2,70,651 vehicles through its Nexa chain of outlets in the first 10 months of the ongoing financial year, moving

Almost a decade after he sowed the seeds of a VC fund, Ranjan Pai has a happy problem. The $100 million Aarin Capital, which he co-runs with former Infosys CFO Mohandas Pai, has backed around 40 tech-intensive ventures. But it is eating into his already busy schedule. “It is taking a lot of our time,” says Pai, chief executive & managing director of Manipal Education and Medical Group (MEMG).

Federal Reserve officials at their January meeting saw a brightening global economic picture and the effects of recently passed tax cuts raising the prospect for solid growth and continued interest rate increases.The minutes of the Fed's Jan. 30-31 discussions showed that the officials were more optimistic about the economy than they had been in December. They noted a stronger U.S.